About Altern
Altern Capital is an investment management company, with specialisation in high-yield real estate investments and is committed to transforming India’s real estate landscape with unmatched Trust, Team expertise and Transparency.
60+ years
of RE investment experience
Focus Cities
Bangalore, Mumbai, Pune, Mysore
150+ investments
of over ₹20,000 cr Pan India
Focus Areas
Plotted development and last mile funding
₹2,500 cr
investment and exits in plotted development in last 10 years
Focus on
lower approval and execution risk projects
Founded by Navin Dhanuka, who brings over 21 years of real estate expertise and has managed over $2 billion in investments across leading Global and Indian firms like Piramal Capital, Walton Street Capital and Ernst & Young.
Our team, with a combined experience of 60 years, has successfully managed over 150 real estate deals across India with an AUM of more than ₹20,000 cr between Bangalore, Mumbai & Delhi NCR. The Team has experience in raising and managing institutional capital including pension funds. The team has worked across the entire life cycle of the real estate sector and have successfully exited over 100 deals.
Altern Capital is the investment manager for Jiraaf AU India Real Estate Fund I (“JIREF I”, a SEBI approved CAT 2 AIF) and focusing on plotted development and last-mile funding opportunities. We are in the process for fund raising for JIREF I.
Our investment process is anchored by a stringent underwriting and filtering procedure involving risk, credit, legal, and internal committee reviews, supported by a strong advisory board. Additionally, we leverage strategic partnerships with entities experienced in development cost assessment, sales pricing, and operational management to ensure the success of our investments.